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Revocable Living Trusts

A Revocable Living Trust

A living trust outlines how you would like your assets distributed and who will be in charge of distributing such assets.

A living trust also outlines the trust that would be created for any children and what age they would take control of their inheritance. Plus, your loved ones will be able to avoid probate court delays and costs, when they need it most.

Some of the highlights of a revocable living trust that a Will does not provide are:

  • Avoid a probate court process, which costs time and money.
  • It provides privacy where a Will is a public record.
  • It can help prevent the need for an expensive, time-consuming, and emotional guardianship court process if you become mentally disabled.
  • If you own out of state property, a revocable living trust can help prevent the costs and time delays of probate in each state where such property is located.
  • You will have more control over your assets if you die and your spouse remarries.
Happy, hug and portrait of a mother and woman in a garden on mothers day with love and gratitude. Smile, family and an adult daughter hugging a senior mom in a backyard or park for happiness.
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Do I Need a Living Trust?

By Lorie Burch | April 11, 2018

By Lorie Burch, Owner & Founding Attorney of Burch Law What is a Revocable Living Trust? Much has been written regarding the use of “living trusts” (also known as a “revocable trust,” “inter vivos trust,” or “loving trust”) as a solution for a wide variety […]

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